Why do companies take on debt? The conventional answer is that they need to invest: to hire more workers, upgrade facilities or invent new widgets. But fresh research shows that in the past three decades corporations increasingly borrow simply to reward shareholders.
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On February 25, 2015, regulations amending the annual statement requirements for federally regulated financial institutions (FRFIs) were published in the Canada Gazette. The amendment requires FRFIs (except for authorized foreign banks) to prepare a statement of comprehensive income as part of their annual financial statement, in addition to the other required statements.
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On February 3, 2015 the Ontario Securities Commission (OSC) published Staff Consultation Paper 15-401 Proposed Framework for an OSC Whistleblower Program (Paper). The Paper outlines the OSC's proposal for an award-based whistleblower program (Program). The OSC is welcoming written comments on the Program until May 4, 2015.
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The industry slump that was remains the slump that is. Traditional funders are sidelined and the public markets stone cold. Yet if mining companies are willing to expand their options, there's still some alternative financing out there.
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A proposal by Canadian securities regulators to curb the flow of trading volume to the U.S. is generating significant blowback from stakeholders who argue it could hurt Canadian investors and dealers and maybe even discourage companies from listing on the Toronto Stock Exchange.
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Ottawa's new Transparency Measures Act doesn't just open the window on payments by miners and other resources companies to domestic and foreign governments, it puts them under lights.
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When executive operational performance and market returns are out of sync, what's a compensation committee to do? Check and recheck the pay-for-performance rationale and share it with shareholders.
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Institutional investors are sending a strong message to hedge funds after last year's largely lackluster returns: charge us less and perform better.
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On February 19, 2015, the Canadian Securities Administrators ("CSA”) announced the adoption of certain amendments to National Instrument 45-106 - Prospectus and Registration Exempt ("NI 45-106") that affect private placement or prospectus exemptions.
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A new study found that increasing CEO pay improves performance and reduces risk, but only up to a certain point, and then it actually becomes harmful.
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